A bill to amend the Internal Revenue Code of 1954 to permit a limited individual retirement deduction to individuals who are participants in retirement plans.

referredUnited States· United States Congress· EN

Introduced

31 January 1978

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Amends the Internal Revenue Code to allow individuals, who are participants in a retirement plan, an income tax deduction for contributions to an individual retirement (IRA) account. Limits such deduction to the amount allowed individuals for contributions to IRA accounts, reduced by the amounts contributed by or on behalf of the individual to the plan in which he is a participant.

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Votes

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 31 January 1978
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/senate-bill/2462
Open data entity: https://api.congress.gov/v3/bill/95/s/2462